ACA Spotlight Blog

ACA Spotlight Blog

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Performance

 

Private Markets GIPS Compliance
September 6, 2019
The investor community increasingly demands that investment performance be calculated without the use of subscription lines of credit. ATP Private Equity Partners, the fund of funds arm of Denmark’s largest pension, has recently changed its due diligence process to request returns without the “flattering effect of subscription lines.”
SEC Charges Investment Adviser
August 29, 2019
On Tuesday, August 27, 2019, the U.S. Securities and Exchange Commission ("SEC") announced it had brought charges against an investment adviser in connection with a $105 million securities fraud in Pennsylvania.
2020 GIPS Compliance Verification
August 22, 2019
Following the release of the 2020 GIPS Standards by CFA Institute on June 28, 2019, firms are encouraged to early adopt the new provisions. One such firm did early adopt, and ACA Performance Services is excited to announce we recently issued our first verification report under the 2020 GIPS Standards.
August 7, 2019
The 2020 edition of the GIPS Standards was released on June 28, 2019. One of the major initiatives of the overhaul was to make compliance with the GIPS standards easier for alternative managers.
GIPS 2020 Release
July 1, 2019
After much anticipation from the investment management community, CFA Institute released the 2020 GIPS Standards on June 28, 2019. The newest version represents the most significant changes since the 2010 edition of the GIPS standards went into effect on January 1, 2011.
Alternative Asset Managers and the GIPS Standards
June 25, 2019
Every few years, ACA Compliance Group and eVestment release a joint survey that queries industry participants on the value of compliance with the GIPS standards. One continual trend that we have noticed is an uptick in interest among alternative asset managers in the GIPS standards.
Increased Demand from Credit Managers Claiming GIPS Compliance
June 4, 2019
Claiming compliance with the Global Investment Performance Standards (GIPS) is gaining significant traction with credit asset managers due to the increased demand from institutional investors.
Industry Groups and Experts Align for Increased Transparency in Private Market Performance
May 9, 2019
Just when we thought the upcoming Uber IPO was the biggest news in private markets, we get a hot take from the Oracle of Omaha. At the annual meeting of Berkshire Hathaway Inc., Warren Buffett noted “[w]e have seen a number of proposals from private equity funds where the returns are really not calculated in a manner that I would regard as honest; [i]f I were running a pension fund, I would be very careful about what was being offered to me.”
February 21, 2019
Firms that claim compliance with the GIPS standards are required to notify CFA Institute of their claim of compliance. Each GIPS-compliant firm must submit the GIPS Compliance Notification Form by June 30 of each year.
APS 2018 review blog
December 27, 2018
With the New Year upon us, what better time to reflect on an unforgettable year? The last 12 months have been a period of remarkable growth and transformation across ACA’s Performance Division.
GIPS Standards
October 26, 2018
The popularity and worldwide adoption of the the GIPS standards by investment management firms is largely due to demand by asset owners. In the interest of risk management, asset owners increasingly require external investment managers to comply with the GIPS standards. Recently, more asset owners have begun to apply the same principles to their own performance reporting and ACA Performance Services is seeing growing interest in attaining GIPS compliance among the asset owner community.
OCIOs Claiming GIPS Compliance
October 16, 2018
The release of the Exposure Draft of the 2020 Global Investment Performance Standards (GIPS) in August has forced many firms to assess how the new requirements will impact their business, both from marketing and operational perspectives. Not only will this impact firms currently claiming compliance with the GIPS standards, but also those considering doing so.